Galaxy Aerospace completed a new round of financing and plans to launch a new generation of stackable flat panel satellites next year

2022-09-08

(the next-generation stackable flat satellite galaxy Aerospace independently developed by Galaxy Aerospace provides pictures) the reporter learned on the 7th that China's commercial aerospace enterprise Galaxy Aerospace recently completed the latest round of financing, with a post investment valuation of about 11 billion yuan. At present, the new generation of stackable flat-panel satellite of Galaxy aerospace has entered the prototype development stage and will be launched early next year. The reporter learned that galaxy aerospace, founded in 2018, is the first Unicorn enterprise in China's commercial aerospace and satellite Internet fields. On March 5 this year, six low orbit broadband communication satellites developed in batches by Galaxy Aerospace were successfully launched. These satellites and the first satellite of Galaxy Aerospace jointly formed a low orbit broadband communication test constellation and built a 5g test network - "little spider web" for satellite ground integration. (the six low orbit broadband communication satellites independently developed by Yinhe Aerospace (pictures provided by Yinhe Aerospace) at present, "little spider web" has completed a number of Satellite Internet application verification, including the first fusion test of low orbit broadband communication satellites and 5g special networks in China, the first V-band low orbit satellite TT & C in China, the vehicle borne "communication in motion" test of low orbit broadband test constellation, and the multi satellite continuous communication test, An important step was taken in the construction of satellite ground integration network. Xu Ming, founder, chairman and CEO of Galaxy aerospace, introduced that this round of financing will be mainly used for the research and development of Satellite Internet related technologies and the development of commercial applications. Galaxy Aerospace will accelerate the research of core technologies such as stackable flat-panel satellites, multi beam phased array technology with flexible deployment on board, flexible solar wings, and digital processing loads, and accelerate the construction of low-cost mass manufacturing capabilities of satellites, one step at a time, to advance toward the 6G era of high-speed ubiquitous, heaven and earth integrated, and everything interconnected. (in orbit simulation diagram of the next generation stackable flat panel satellite independently developed by Galaxy Aerospace (provided by Galaxy Aerospace) at present, the construction of global space infrastructure has entered the fast lane, and commercial aerospace is becoming one of the new driving forces of world economic development. According to the Morgan Stanley report, it is estimated that the value of the global space economy will reach $1 trillion by 2040. Among them, Satellite Internet is expected to account for 50% or even 70% of the market growth. In recent years, the development of Satellite Internet has ushered in a global race. Countries have accelerated the construction of low orbit constellations. The "star chain" plan represented by SpaceX of the United States has launched more than 3200 satellites. At present, the new generation of stackable flat-panel satellite of Galaxy aerospace has entered the stage of prototype development, which is also the first flat-panel satellite in China, and will be launched early next year. Xu Ming said that the development of stackable flat-panel satellites will help the mass production of satellites and the rapid deployment of large-scale constellations. In the future, Galaxy Aerospace will seize the development opportunities under the new national system, give full play to the advantages of small-step, fast running and rapid iteration of commercial aerospace, continue to innovate and break through itself, and help China's satellite internet construction. (Li Xinshe)

Edit:Li Jialang    Responsible editor:Mu Mu

Source:chinanews.com

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